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Nifty Bank Nifty DOWN Move Ahead? Trade Plan for Weekly Expiry

Nifty and Bank Nifty today continue the rally. But later, both fell from day high, and Nifty ends in red.

Today, Nifty and Bank Nifty had done a ‘Price and Time Squaring’ as per the Gann theory, a reversal setup. So, both indices can drop further or may trade in a range with a negative trend.

Now, to keep this bullish momentum, Bank Nifty needs to hold the 36400-36300 zone. On the higher side, 36800 is the resistance level.

For further upside, Nifty bulls need to hold the 16990-17010 zone. On the higher side, 17130 is the resistance level.

Nifty ends in red

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17130 to move towards 17160/17200/17250/17310 levels.

On the lower side, the Gann support level is 17050; below that Index can move towards 17020/16980/16930/16870.

Bank Nifty ends in red

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 36750 to move towards 36900/37100/37350.

On the lower side, the Gann support level is 36400; below that Bank Nifty Index can move towards 36250/36050/35800 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.